Ripley, Benton County, Mississippi Property Taxes

Name: Property Tax Bills Across Ripley, Benton County, Mississippi
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ripley, MS effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Ripley, MS home value: $25,235
Median annual Ripley, MS tax bill: $193, $2,207 lower than the national median property tax bill of $2,400.

How are property taxes in Benton calculated?

Property taxes in Ripley, MS are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Ripley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ripley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ripley, Benton County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.61%

Estimate Property Tax Bill

$437

$405

Ownwell’s Ripley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ripley with just two data points.

By entering your property's estimated assessed value, our calculator applies Ripley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ripley, Benton County, Mississippi

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Ripley’s effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S.

Ripley, located in Benton County, has a property tax rate that aligns with the state median of 1.07%. This rate is slightly above the national median property tax rate of 1.02%, highlighting the variations that can occur within different regions. While Ripley's rate is consistent with the highest and lowest rates in its zip code, it’s essential to understand how these figures translate into actual tax bills. Knowing the property tax landscape can empower property owners to make informed decisions and potentially explore options for appeals or exemptions.

Property Tax Rates Across Ripley, Benton County, Mississippi

Source: Ownwell

2.09%

2.10%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ripley Tax Rate

1.61%

Median Effective Benton County Tax Rate

2.09%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ripley, Benton County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38663	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Ripley, Benton County, Mississippi

When examining property taxes in Ripley, Mississippi, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Benton County Tax Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Benton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ripley.

For example, the median home price in Ripley is $25,235, with tax bills ranging significantly across the county. Zip code 38663 has the highest median home price at $25,235.

Property Tax Assessment Values Across Ripley, Benton County, Mississippi

Source: Ownwell

$14,480

$21,938

$29,395

Median Ripley Market Value

$27,120

Median Benton County Market Value

$21,065

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ripley, Benton County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38663	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Ripley, Benton County, Mississippi

In Ripley, Mississippi, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. The median home price in Ripley is $25,235, which is significantly lower than the national median. Homeowners in Ripley typically face a property tax bill that ranges from $71 at the 25th percentile to $918 at the 90th percentile. This wide range indicates variability based on property value and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both $193, indicating a relatively consistent tax rate within the zip code 38663. Compared to the national median property tax rate of 1.02%, homeowners in Ripley may pay less, yet these costs can still impact household budgets. Ownwell assists by reviewing property assessments to ensure accuracy, filing appeals for overassessed properties, and identifying potential exemptions. This can lead to significant savings, allowing homeowners to allocate funds to other essential expenses.

Property Tax Bills Across Ripley, Benton County, Mississippi

Source: Ownwell

$159

$273

$386

Median Ripley Tax Bill

$236

Median Benton County Tax Bill

$284

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Ripley, Benton County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38663	N/A	N/A	N/A	N/A	N/A

Source: Ownwell